Didi and CATL set up a battery swap joint venture to jointly explore the public energy replenishment market

On January 26, Didi and Xiaoju Energy, a digital energy service platform under Didi, and CATL announced the official establishment of a battery swap joint venture in Ningde City, Fujian Province. Cheng Wei, Chairman and CEO of Didi, and Zeng Yuqun, Chairman and General Manager of CATL, attended the event and witnessed the signing. Xie Jingjing, General Manager of Xiaoju Energy, and Zhu Wei, Executive President of CATL's Domestic Passenger Vehicle Division, signed the joint venture agreement.

The battery swap joint venture will rely on the technical advantages and operational capabilities of both parties to combine and start from the online car-hailing scenario to provide efficient battery swap services for many new energy vehicles. This cooperation is an important strategic layout of both parties in the field of public energy replenishment. Both parties will lead the industry service and technical standards to improve resource utilization and social operation efficiency. In addition to the establishment of a battery swap joint venture, Didi's Xiaoju Energy has also formed a strategic cooperation intention with CATL to promote cooperation in a wider range of new energy fields such as storage and charging.

Didi has long been committed to increasing the vehicle sharing rate, promoting the development of shared rides, slow traffic, and smart transportation, and helping the electrification transformation of transportation. Xiaoju Energy focuses on exploring carbon neutrality solutions in the field of transportation, and its business has covered multiple sectors such as Internet refueling, smart charging, virtual power plants, power trading, power auxiliary services, and corporate services. As of the end of December 2023, Xiaoju Energy's charging services have covered more than 190 cities, providing charging services for more than 680 million times in total.